Zcash (ZEC) rallied to about $440–$448, pushing market cap above $7.3B with 24h volume near $763M. The move coincides with renewed institutional and narrative interest (mentions of Grayscale and Coinbase), a record supply of shielded ZEC, and parallel gains in privacy coins like Monero and Midnight. Technicals show ZEC trading above the 50- and 100-day EMAs and approaching the 38.2% Fibonacci retracement near $472 with a near-term target around $500, while chart risks include a bearish pennant and a possible Wyckoff markup-phase pullback. Commentators flagged a bullish outlook but warned the rally may be rotational rather than structurally sustained.

Price rose to $440–$448 with market cap >$7.3B and 24h volume ~ $763M; shielded ZEC supply reached a record; institutional/narrative interest cited (Grayscale, Coinbase); technical indicators cited (above 50/100-day EMAs, near 38.2% Fib, $500 target) and listed downside risks (bearish pennant, Wyckoff pullback).